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PALLADIUM
PALLADIUM
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: PA
ISIN:

PALLADIUM - Daily - Technical analysis published on 12/20/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1,870.63 USD
My targets
1,931.17 USD (+1.59%)
2,044.33 USD (+7.54%)
My analysis
The bullish trend is currently very strong on PALLADIUM. As long as the price remains above the support at 1,870.63 USD, you could try to benefit from the boom. The first bullish objective is located at 1,931.17 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,044.33 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

PALLADIUM rating 1,901.00 USD. On the day, this instrument gained +0.25% with the lowest point at 1,887.00 USD and the highest point at 1,912.40 USD. The deviation from the price is +0.74% for the low point and -0.60% for the high point.

1,887.00
1,912.40
1,901.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of PALLADIUM indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1,403.77 1,560.40 1,792.10 1,901.00
Change (%) -26.16% -17.92% -5.73% -
Change -497.23 -340.60 -108.90 -
Level Minor Major Major -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,821.771,863.531,891.071,932.831,960.372,002.132,029.67
Camarilla1,899.541,905.901,912.251,918.601,924.951,931.311,937.66
Woodie1,814.651,859.981,883.951,929.281,953.251,998.582,022.55
Fibonacci1,863.531,890.011,906.361,932.831,959.311,975.662,002.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,774.301,791.501,818.801,836.001,863.301,880.501,907.80
Camarilla1,833.861,837.941,842.021,846.101,850.181,854.261,858.34
Woodie1,779.351,794.031,823.851,838.531,868.351,883.031,912.85
Fibonacci1,791.501,808.501,819.001,836.001,853.001,863.501,880.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,523.231,583.771,696.931,757.471,870.631,931.172,044.33
Camarilla1,762.331,778.261,794.181,810.101,826.021,841.951,857.87
Woodie1,549.551,596.931,723.251,770.631,896.951,944.332,070.65
Fibonacci1,583.771,650.121,691.111,757.471,823.821,864.811,931.17

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.70
MACD (12,26,9): 47.7300
Directional Movement: 21.28
AROON (14): 85.72
DEMA (21): 1,911.20
Parabolic SAR (0,02-0,02-0,2): 1,974.60
Elder Ray (13): 33.00
Super Trend (3,10): 1,824.45
Zig ZAG (10): 1,896.20
VORTEX (21): 1.2700
Stochastique (14,3,5): 73.87
TEMA (21): 1,928.45
Williams %R (14): -43.87
Chande Momentum Oscillator (20): 71.50
Repulse (5,40,3): -2.3900
ROCnROLL: 1
TRIX (15,9): 0.3400
Courbe Coppock: 13.00
MA7: 1,905.49
MA20: 1,842.21
MA50: 1,772.01
MA100: 1,654.11
MAexp7: 1,900.75
MAexp20: 1,850.69
MAexp50: 1,775.20
MAexp100: 1,688.91
Price / MA7: -0.24%
Price / MA20: +3.19%
Price / MA50: +7.28%
Price / MA100: +14.93%
Price / MAexp7: +0.01%
Price / MAexp20: +2.72%
Price / MAexp50: +7.09%
Price / MAexp100: +12.56%

News


Don"t forget to follow the news on PALLADIUM. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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